WNYT.com

News Summary: Less mail could be Netflix’s gain

Updated at: 02/06/2013 6:38 PM
By The Associated Press

LESS MAIL, MORE PROFIT: The Postal Service plan to eliminate Saturday home delivery probably won’t hurt Netflix Inc., one of its biggest customers. That’s because Netflix’s postal bill will shrink and subscribers probably won’t watch as many DVDs while paying the same monthly fee.

DELIVERIES BY DOWNLOAD: The story might have been different if Saturday mail delivery had been cut a few years ago, when DVDs were still Netflix’s main business. Now the company boasts far more Internet video-streaming subscribers.

STAMP OF APPROVAL: Investors drove Netflix shares to a new 16-month high Wednesday after the Postal Service announced its cuts.